Can Global South investments develop Sri Lanka?

Since Sri Lankan President Anura Kumara Dissanayake was elected in September 2024, he has made four state visits. First to India, then to China, the United Arab Emirates (UAE), and Vietnam. This itinerary says a lot about the state of the international economy and debt-saddled Sri Lanka’s options within it.

Two of these countries, India and China, were founding members of the BRICS formation in 2009. The UAE officially joined BRICS in 2024, and Vietnam was invited to become a partner country in the same year. These countries are engines of growth in the international economy. Having begun to reshape the international division of labor, they are slowly trying to reshape its institutional superstructure…..| read more on Peoples Dispatch